According to the report, the size was valued at $53.69 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
A new report from Innova Market Insights predicts that consumer preferences, such as well-loved ingredients, nature-friendly claims and health benefits, will increase spending in 2024 for food and beverage products.
A new report from Innova Market Insights predicts that consumer preferences, such as well-loved ingredients, nature-friendly claims and health benefits, will increase spending in 2024 for food and beverage products.
Consumers are becoming more willing to try new and unfamiliar flavors, resulting in a demand for a diverse range of cooking sauces that cater to their changing preferences.